Mastercard and BankIslami Partner to Expand Digital Payments in Pakistan

Mastercard and BankIslami have joined forces to expand digital payment services and strengthen Pakistan’s financial ecosystem. The partnership will broaden the bank’s consumer and commercial card offerings, targeting individual customers, businesses and micro, small and medium-sized enterprises (MSMEs).

Under the agreement, BankIslami plans to develop a wider range of debit, credit and business card solutions. The initiative aims to meet the changing needs of customers across different income groups and business segments.

Premium Banking and Shariah-Compliant Cards

The collaboration includes a priority banking programme featuring Mastercard World cards. It will also introduce Mastercard World Elite cards for affluent customers.

Another key component is BankIslami’s Shariah-compliant credit card programme. The offering will serve both mass-market and affluent customers.

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The partnership will also expand Shariah-compliant payment options for corporate clients and small and medium-sized enterprises. These solutions will include debit cards and Business Payment Controls, helping businesses manage payments and improve supply chain processes.

Unified Loyalty Programme to Enhance Customer Benefits

Mastercard will support the launch of a unified loyalty platform across BankIslami’s card portfolio. The platform aims to provide customers with a consistent rewards and benefits experience across the bank’s card products.

Imran H. Shaikh, President and Chief Executive Officer of BankIslami, said the collaboration would strengthen the bank’s ability to offer a broader range of Shariah-compliant payment solutions.

He added that the bank aims to make Islamic banking a preferred choice by combining Shariah-compliant services with the convenience and capabilities of modern digital banking.

Mastercard Supports Pakistan’s Digital Economy

Arslan Khan, Country Manager for Pakistan and Afghanistan at Mastercard, said the partnership would expand payment options for consumers and small businesses.

He said Mastercard’s collaboration with BankIslami would support Shariah-compliant card offerings and help more customers participate in Pakistan’s digital economy.

The partnership reflects the growing role of digital payments in consumer and business transactions. It also aims to expand access to modern payment tools while supporting the development of Islamic banking services in Pakistan.